tv News Al Jazeera June 30, 2015 3:00am-3:31am EDT
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where technology meets humanity... only on al jazeera america a 1.6 billion euro payment greece owes the i.m.f. is knew due. the government says it won't pay. what happens next? ♪ ♪ from al jazerra's head quarters in doha. i am sammy. also coming up. protests in puerto rico as it faces a multi billion dollar debt crisis of its own. can you dish forces make gains against isil but it's not all win-win. we'll tell you why turk is a
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worried. and turning a new page on cartoons, now it's all about the swipe and it's big business. let's begin with greece with uncertainty looms over uncertain any the euro zone. the $1.6 billion payment it owes the i.m.f. is due today tuesday. but the government looks set to default. thousands of pro-government supporters have rallied in athens to back the government's rejection of a tough bailout. sunday people will vote on whether to accept or reject the deal. meanwhile, the greek economy is slowly grind to go a halt. banks are closed, people have been lining up outside atm machines to take out cash daily withdrawals have been capped at 60 euros. let's go straight to dominic kane he's in frankfurt where the european central bank has its headquarters.
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as i said, dominic things grind to go a halt slowly in athens. one of the other big questions is will the european central bank continue its emergency funding. >> reporter: well, that is inning nba deed the question. we know that the answer in the short-term is no. the e.l.a. the emergency liquidity assistance -- or the deals e.l.a. more bluntly keeping greece a throat. 90 billion euros worth were capped at the friday level. and that meant was if greece had drawn down all of that 90 billion nothing more was available. clearly the fact that the stock market was closed the banks were shut would seem to indicate that that money was indeed, frozen and that is therefore the e.c.b. saying that they say they stand ready and other governments have said they stand ready. the german chancellor has said that solidarity was important. and angela merkel, who met with
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ministers and other representatives of other parties yesterday from trying to brief them about the greece crisis but the problem the german government has, if there was a very large bailout agreed for greece a final deal a resolution would it get a majority of the german parliament to endorse that? and to give you a sense of how it's being reported. the main paper here in frank ford says the door is still open on for greece, but then if you look at the. [ inaudible ] perhaps not. because there is says brussels and berlin unite against tsipras. which gives you a sense perhaps, that the media here in germany is perhaps losing an element of patience with the greek government. certainly there have been headlines in other papers saying game over. to give you a more international flavor the french paper saying greece has closed its banks and the euro zone enters the unknown and that sense of what is unknown, the uncertainty of this
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story has personal nateed the market as well yesterday when the stock exchange here opened the share prices dropped by 4% which is the biggest drop on an opening day for more than three years, that sums up the uncertainty here. at the at the european central bank there will be meetings here today, but necessarily about the debt crisis and no press opportunities will be given. we will not hear anything more from the e.c.b. which may indeed make the uncertainty growing. >> sammy. >> basically between now and sunday, what happens at the e.c.b., any chance that talks might pick up? or are they simply waiting sitting back and wait for this referendum to happen? there are many questions to be asked. the question is what will the i.m.f. do the greek government saying they are not paying back today. but the deadline is today. what will happen in those
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circumstances. we have heard from the i.m.f. they are in to a technical default. others say mr. there may be a grace period of perhaps a month insofar as that particular payment is concerned. but then the question is, what about the physical membership in the euro zone for greece? some leaders of european countries are saying well, this vote on the weekend is a vote either for the euro or for the drachma but they have not gone in to anymore detail. we can speculate a great deal more pain for depositors and companies making deals with greece and for individuals in greece worried about whether they can draw money from their bank account. so there is a great deal of uncertainty and i think it would be hard to find anybody who could give you an answer that would really sum up where the situation will be after that referendum. >> all right, thanks a lot. dominic kane there.
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also a financial crisis in puertopuerto rico the government says it won't be time repay a debt of $72 billion. the governor of the u.s. territory wants to defer the payment so that he can renegotiate with creditors. andy gallagher has the latest from the capital zaun san juan. >> reporter: puerto rico has been in recession for close a decade. but the island's stagnating economy pales to its inability to pay more than $70 billion of debt. the publically-run power company alone owes $9 billion. the government's admission that part rico now stands on the edge of an economic death spiral has brought things to a potentially catastrophic head. in a televised address the governor garcia padilla told the nation hard decisions need to be made. >> translator: the only way we'll get out of this hole is if we join together as a country and are all willing including bond holders to assume some of the shared sacrifices today. so that tomorrow we can also
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share the benefit of a growing economy. >> reporter: at the campus of the university of puerto rico students reacted angrily to the speech. many feel budget cuts will unfairly target them for years to come. >> the people who will suffer is us, the students, the students that will follow us in the next couple of years, that is the generation that will have to pay for all of the past consequences. >> reporter: but attempts to cut spending in restructure debts have so far failed and now few options remain. the sign here behind me reads people before the debt. but for puerto rico there is now no goaled ticket. whatever happens in negotiations in the next few hours days or even months, this island faces years of hard times. puerto rico is a territory of the united states, and much of the debt is held by u.s. investigators, but it doesn't have the same status as other states and it's been made clear it went get any financial help from the mainland. >> there is no one in the administration or d.c.
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contemplating a federal bailout of puerto rico but we do remain committed to working with puerto rico and their leaders. as they address the serious challenge, serious financial challenges that are currently playing the commonwealth of puerto rico. >> reporter: ledge stay tours will now attempt to defer the island's debts and drastically cut spending deadlines are looming and time is running out. andy gallagher, al jazerra san juan puerto rico. an interim near an military plane crashed shortly after take off killing at least five people. authorities say the plane came down on houses in the city and exploded in flames. the army says there were 12 crew on board. but the number of imagines is not known. accusing-y jump of crushing an entire generations future. thousands of young protesters have been arrested or jailed in the past two years after unfair
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trials it says egypt is in a state of all-out repression. egypt's foreign minister denies the government is targeting youth activists. at the same time, amnesty international has condemned the killing of the chief prosecutor. urging the government not to respond with more repression over the past two years. they have led a crack down on decenting voices. victoria gatenby reports. >> reporter: the convoy was targeted as it passed nearly a military academy any cairo authorities believe the bomb was set off by a remote control. familiar with the area say the location of the attack is significant. >> nobody, no suspected person can get in or out of this area. it's almost a military barracks, so either there is a serious breach in the security, which is totally -- or most likely to be
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discarded or there is suspicion something suspicion about the crime itself. >> reporter: he was a controversial figure with some seeing him as the architect of egypt's clamp down on political decent. he sent thousands of muslim brotherhood supporters for trial and oversaw the acquittal of former egyptian president hosni mubarak. in statement the muslim brotherhood says the authorities responsible for ousting morsi are fully responsible for the prosecutor general's death. current government was establish odd a basis of violence turned-y egypt to a promising democratic company to one of mass killings and violence. pro-democracy activists say they are worried about the what latest attack means for egypt's future. what we are seeing is an increase in the violence, we are seeing fringe groups merge as groups emerge as we saw in the '90s and in syria and iraq.
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it's very worrying. the democratic process has been fake an way and. >> reporter: the most senior official to have been killed cincy i didn't want's military ousted former president mohamed morsi two years ago. states in transition face tremendous challenges. but many rights activists say the egyptian government's increasingly tight grip on all sections of society may only feed more violent attacks. victoria gatenby, al jazerra. turkey's national security council has met to discuss what it calls a growing kurdish threat along its border with syria. it's promised to take, quote all necessary measures to insure security. turkey is concerned after continued gains by kurdish fighters in syria against isil. the government calls the kurdish y.p.g. force a terrorist organization. the group has made big gain as long turkey's border. zeina khodr has more from the
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syrian turkish border. >> reporter: turkey is concerned about the growing strength of its neighbor. the syrian kurdish y.p.g. has made dramatic territorial gains in northeastern syria controlling 400-kilometers of the border from iraq to the town of kobane further west. u.s. led coalition air strikes help the kurds their only partner on the ground in syria capture territory from the islamic state of iraq and the levant. but turkish officials believe the y. approximate. g which it cards a terrorist organization link today the kurdistan workers party or the p.k.k. has another agenda. >> translator: the u.s.-led coalition is giving the y.p.g. a lost help. 80% of the coalition bombings help the kurds and the y.p.g. is a threat to all people. arabs, turkmen, the kurds are trying to create a state and they are ethnically cleansing areas. >> reporter: syrian kurds have pushed deep in to the mainly arab province the group's main strong hold in syria.
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the capture of the province's border crossing was praised by u.s. officials who said it was a main supply line for from where isil brought in foreign fighters and surprise. by capturing here, the y.p.g. didn't just close an isil supply route it opened a land corridor between two kurdish administered districts, this has raised concerns in turkey. the president erdogan has said turkey would not accept any move by syria's kurds to create their own state. believed to be the kurds' next target, it is the last isil-controlled crossing on syria's border with turkey. and its fighters are seen in the distance planting explosives. the coalition is likely to provide air cover in a battle that would weaken isil but syrian activists are requesting the motives of the u.s. and the kurds. >> translator: the y.p.g. is now at the door steps if they capture that crossing, they will
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then push south to the kurdish lon clave linking it to kurdistan. >> reporter: the turkish government wants some sort of military intervention to stop the kurds' expansion but the military is believed to be reluctant to make such a controversial move. already the p.k.k. which has been involved in an armed conflict with turkey for decades, says any intervention would mean war. zeina khodr al jazerra. a tense election in burundi the opposition boycotted and the african leaders stayed away. and could your computer read an old floppy disk? we report on the challenge to preserve the digital past.
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♪ ♪ welcome back. let's recap the headlines here on al jazerra now. a 1.6 billion euro payment which greece owes the i.m.f. is due today. as the government looks set to default the thousands rallied in back the government's rejection of the tough bailout package. puerto rico says it can't pay a debt of $72 billion. the governor says he wants to renegotiate with creditors. a united states could go egypt of crushing an entire general rapes' hope for a brighter future. it's released a report which says in the past two years thousands of young protesters have been arrested over jailed after unfair trials. let's get more now on our top story the greek debt crisis where michael is chief market analyst at cmc market joins us
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live from london. good to have you with us, so, first of all what happens tonight at midnight? will greece be in default? if so, what does that mean? >> well, i think this is a gray gray mayor. madam los leguard of the imf the they would default the relayingses are much more clear they would an arrears process and, that process lasts a month. so though do get one month's grace on the back of that. i think the bigger question more than anything else is what does. e.c.b. do with respect to its emergency lending assistance. no one really knows whether the e.c.b.'s stance on this, whether they would consider a missed payment to the imf as a form of did he at the same timedefault. i think they want to sit on the sidelines for as long as possible. consider the e.l.a. on a
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day-to-day base discuss zoo whether or not the referendum at the weekend happens and obviously the outcome that have referendum. >> touched the next question brill lent i didn't there. but looking at what the e.c.b. has done so far it's kind of capped any rise in the emergency lending. does it cap what happens until sunday? >> i think that's likely. that's why the government had to institutes the capital controls, they had to slow down the leaking of funds out of the greek banking system and it goes onto a further points, the greek government are opening the banks for pensioners only, for pension payments only. if you want to make the pension payments are you are not going to be paying the i.m.f. so i think the e.c.b. doesn't wantingwants to be the person that pulls the flirt context of the next steps of this crisis.
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it's hoping the politicians can get armed the table and sort this out. >> what does that mean for the dooms day market scenarios mass market crashes is that still likely then? >> i think it's very unlikely. what we have seen today is a form of stabilization yes there was a massive sell off of he can quit quichly markets but the euro is holding up fairly well. suggesting to me that the currency markets are fairly sanguine. this is a difficulty that will be resolved. whether greece is in or out of the euro, it's unlikely greece will be left to phoned for itself. i think it's geopolitical location makes it very, very important that whatever happens with respect to the negotiations between the creditors and the greek government. the ultimately greece will get help. the only question i think remain is his to whether or not that will be inside the euro or outside the euro. we'll get a clearer indication of that, in the wake of sunday's
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referendum. >> all right, thanks so much for your thoughts on that michael. >> thank you. iran's foreign minister is going to arrive back in vienna on a day originally set as a deadline on the agreement for the nuke or program. he flu to teheran flew to teheran on sunday after meeting john kerry and other foreign ministers. negotiations now seem likely to continue until later this week. tunisia says it's arrested a group of suspects link today friday's attack which killed 38 tourists in the beach resort. these are the latest pictures to emerge showing the attack in progress. the gunman can be seen running a long the water's edge, his weapon is clearly visible. by the time he crosses the beach heading towards the imperial hotel where more people were killed. voters in burundi have cast ballots in parliamentary elections following a night of violence and weeks of political
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protests. monday's poll was boycotted by the opposition and voter turn out was low. many are against the president's bid for a third term. haru reports from the capital. >> reporter: burundi's president makes an entrance before voting in parliamentary lexes. accompanied by his wife and children. he looks a little shaky on two wheels. but on the issue of postponing parliamentary and presidentials polls he's did he points. he votes in his rural hometown where he's popular. >> i am very satisfied with today. the people of burundi are examplar their democratic right to vote. burundi has come a long way since the end of the civil war. we will keep on with democracy in our country. >> reporter: there was a big turn out in some rural areas but the capital an opposition strong hold was tense a grenade was thrown there to a polling station on monday.
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so police have gun checking earn entering polling stations. but the numbers aren't that big many say they are scared even if they support the ruling party. >> they are using other ways, beginning to wait and make sure it's safe for you to leave your house. >> reporter: post-op since parties pay cotted the parliamentary poll saying violence and intimidation by members of the ruling party has made it difficult for them to campaign. >> unfortunately any time that he is challenged, he just resorts to violence, killing people. people are demonstrating for a right cause and he says, these ones are rebels, kill them. shoot on them. and people have been killed. >> reporter: ruling party officials deny the allegations. saying they can't understand why some people even wants to post point the vote. the african union has done something it normally doesn't do. it says it won't recognize these
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elections. it didn't even sends election observers that could imply african leaders are trying to distance themselves from the president here. he says the presidential elections will happen on july 15th. that's despite a constitutional limit of two presidential terms. and weeks of violent protests over his intention to run for a third term in office. as he arrived off in to the -- rides off in to the distance his people are bracing for another potentially contentious battle. al jazerra. at least eight people have been injured after a man set himself on fire in a bullet train in japan. the passenger poured a flammable liquid over himself and died. the train with about a thousand passengers on board had to make an emergency stop on its way from tokyo to osaka. french police have detained two executives from the private car booking a.p. app oop fore questioning. france has been investigating the unlicensed taxi service for
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alleged illegal activity since last november. the government accuses uecker of not paying the -- uber of not paying the same taxes as other taxi companies. from scrapbooks to tunnel at that time photo al bulls the way we store memory is his rapidly evolving. as part of our series track crashing the code. tom ackerman tracks the challenges. >> reporter: a family collection of snapshots going back almost a century. they have been transferred for a portable hard drive. for the benefit of generations to come. but will the digital data on that device be accessible for the next venture venture century or everybody longer. that's the dilemma that concerns. >> how long will the media survive and how long will you have a question piece of equipment that can read it and software that ca take the bits red and interpret it successful. >> i i tend to be an optimist as
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far as digital preservation goes. >> reporter: at the maryland institute of technology. the collection of computer antiques includes this 1982 vintage apple 2e. it can only read floppy diskettes that have become a virtually extinct species of software. >> there we can see the same game we were looking at on the apple two. >> reporter: but new forms of software called emulators can enable one computer toys system to behave like another. so this computer game designed more than 30 years ago for the apple two can be played on other operating platforms. >> we are duplicate that go apple two inside of a safari web browser running on a mac laptop. >> olive an archive -- >> reporter: the name of the olive project which is still in the pilot stage to further develop the emulator technology for long-term preservation of educational software, games and original computer programs.
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but the sheer volume of different evolving formats may prove overwhelming. here at the u.s. library of congress the world's largest the information specialists say their challenge will be to define and limit the kind of data to be preserved for the ages. no one can predict what hardware and software will be using -- we'll be use in this year 2100, but preservation will require persistent efforts. >> once we move to holland graphic cloud storage or whatever is next on the horizon somebody is going to have to take an active interest in my great that go content and moving it forward. >> reporter: a mission for computer companies governments and individuals. tom ackerman, al jazerra washington. now, comic books, of course, are a part of growing up for many of us. in south korea though, cartoon have his a long and creative history. now artists are taking it to another level by transforming traditional paper comics in to internet web toons.
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we have this story from seoul. >> reporter: his hobby is now his main income. drawing was just a bit of fun while he was a music journalist. now his cartoon sketches are not just in print but seen globally vie at internet in a commercially growing market. >> translator: intervention of daily life is about interesting episodes in our daily life. it's about things that happen around us. sometimes they could be interesting, other times not. depending on your perspective and from which angle you view it. >> reporter: comic sales have been falling for a while. the arrival of new technology has invigorated the industry. there was a time before the internet when this was the only way you could get your weekly cartoon fix. and while flicking through these pages certainly hasn't lost its appeal. a different type of page is being turned now at the touch of a button. visitors can see how cartoons in
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prints developed over the decades. basic webtoons began as scams of original comic books and put on the net now original stories formatted for the laptop, tablet and smart phone are all the rage. all under the world worth a quarter of a billion dollars. >> translator: the world is adapt to going to digital environments the government saw an opportunity to support this by flaking inroads in to new markets, it takes a while to translate the cartoons in to different languages and we are finding that. >> reporter: webtoons are now transitioning and being develop ed in to live action regional tv dramas like this one. >> translator: i will continues for as long as there are readers who like my work. cartoons require lots of effort. so i might not be able to keep up with demand. long-term if things change, i have thought about becoming a writer or a novelist.
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>> reporter: kim hopes that some of his new characters will remain global favorites for many years to come. al jazerra seoul. you can get more on all of those stories, as well as the cartoons as we head over to our website, aljazerra.com. velshi. "on target" from tehran, iran. >> how much could nations possibly trust the united states? >> wild accusations against the united states. >> a comprehensive diplomatic solution. >> this solution will not change iran for the better. >> one of the most significant long term security problems that we've faced in a long time.
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